What currency is Shiba Inu Coin? How to buy, sell and trade Shiba Inu Coin?

Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in 2020 by anonymous developer Ryoshi. It is based on the Ethereum blockchain and has a large supply, on-chain governance and an active community. You can buy, sell and trade on cryptocurrency exchanges that support Shiba Inu Coin, but be aware of its high volatility and invest with caution.

What currency is Shiba Inu Coin?

Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in August 2020 by an anonymous developer Ryoshi. Its name and logo are derived from the popular Shiba Inu meme.

Features of Shiba Inu Coin:

• Ethereum Token: Shiba Inu Coin is an ERC built on the Ethereum blockchain -20 tokens.
• Huge Supply: The initial supply of Shiba Inu Coin was 1000 trillion, 50% of which was burned to Ethereum co-founder Vitalik Buterin.
• On-chain governance: Shiba Inu Coin holders can participate in community governance through its governance tokens LEASH and BONE.
• Active Community: Shiba Inu Coin has a large and active community known as the "SHIB Army".

How to buy, sell and trade Shiba Inu coins?

1. Create a cryptocurrency trading account:

Sign up for a cryptocurrency exchange that supports Shiba Inu Coin, such as Binance, Huobi or Kraken.

2. Deposit funds:

Deposit fiat currency or other cryptocurrencies into your trading account.

3. Purchase Shiba Inu Coin:

Buy Shiba Inu Coin using fiat currency or other cryptocurrencies through the exchange’s spot trading platform.

4. Store Shiba Inu Coin:

You can store Shiba Inu Coin in an exchange wallet or transfer it to a private wallet such as MetaMask or Trust Wallet .

5. Sell Shiba Inu Coin:

If you want to sell Shiba Inu Coin, please create a sell order on the exchange’s spot trading platform.

Notes on trading Shiba Inu Coin:

• Shiba Inu Coin is a highly volatile cryptocurrency and the price can fluctuate significantly.
• Before investing in Shiba Inu Coin, please conduct thorough research and understand the associated risks.
• Only invest what you can afford to lose.

Shiba Inu Price Trend Analysis

Shiba Inu (SHIB) is currently trading at $0.00001396 per coin with a 24-hour trading volume of $215 million.

Recent Changes

SHIB price increased by 1.11% in the last 24 hours. This increase is mainly attributed to the overall market rebound.

Factors affecting price movements

• Positive market sentiment
• Cryptocurrency market rebounds
• Lack of major negative news

Future Price Trend

In the short term, SHIB price is expected to continue to fluctuate around current levels. However, if market sentiment continues to improve, prices may rise further.

Action Recommendations

Due to recent price increases, investors may want to consider taking profits. On the other hand, those who believe in the long-term potential of the coin may consider buying on the pullback.

Short Term Trend Forecast

SHIB price is likely to continue trading between $0.00001350 and $0.00001450 in the short term.

Key indicators

• Price: 0.00001396 USD
• 24-hour trading volume: 215 million USD
• Circulation market capitalization: 823 million USD
• Circulation: 5.8927 trillion
• Maximum supply: Unlimited

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